Independent auditors report on Internal Control over
Financial Reporting
(Based on a report originally issued in Korean)
SK Telecom Co., Ltd.:
The Shareholders and Board of Directors
Opinion on Internal Control over Financial Reporting
We have audited the internal control over financial reporting (ICFR) of SK Telecom Co., Ltd. and its subsidiaries (the Group) based on
the Conceptual Framework for Designing and Operating ICFR (ICFR Design and Operation Framework) established by the Operating Committee of ICFR in Korea (the ICFR Committee) as of December 31, 2023.
In our opinion, the Groups ICFR has been effectively designed and operated, in all material respects, as of December 31, 2023, in accordance with
the ICFR Design and Operation Framework.
We also have audited, in accordance with Korean Standards on Auditing (KSA), the consolidated
statement of financial position as of December 31, 2023, the consolidated statements of income, comprehensive income, changes in equity, and cash flows for the year then ended, and notes to the consolidated financial statements, including a
summary of material accounting policies, of the Group, and our report dated March 6, 2024 expressed an unqualified opinion thereon.
Basis for
Opinion on ICFR
We conducted our audit in accordance with KSA. Our responsibilities under those standards are further described in the Auditors
responsibilities for the audit of ICFR section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of ICFR in the Republic of Korea, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Responsibilities of Management and Those Charged with Governance for ICFR
Management is responsible for designing, operating, and maintaining effective ICFR, and for its assessing the effectiveness of ICFR, included in the
accompanying Managements Annual Report on Internal Control over Financial Reporting.
Those charged with governance are responsible for overseeing
the Groups ICFR.
Auditors Responsibilities for the Audit of ICFR
Our responsibility is to express an opinion of the Groups ICFR based on our audit. We conducted our audit in accordance with KSA. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether effective ICFR was maintained in all material respects.
An audit of the
ICFR involves performing procedures to obtain audit evidence as to whether a material weakness exists. The procedures selected depend on the auditors judgment, including the assessment of the risks that a material weakness exists. An audit
also includes testing and evaluating the design and operation of ICFR based on obtaining an understanding of ICFR and the assessed risk.
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